Trakcja Polska S.A. A Leading Provider of Construction and Installation Services to Railway Sector in Poland July 29
Leading Provider of Construction and Installation Services to the Railway Sector in Poland Large market It is estimated that total expenditure on construction and installation works in the Polish railway sector in 29 213 will amount to approx. EUR 1b, and in the tramway sector approx. EUR 2b. The growth of the planned CAPEX exceeds the sector s available capacity Reliable payers Limited competition Strong financial position Strong strategic partner The European Union and the Polish government are the actual payers to the Group New players face high entry barriers, including insufficient exepertise, shortage of personnel and specialist equipment, insufficient knowledge of the market Return on equity is high, at 24% Comsa S.A. is the ninth largest construction company in Spain, and the second largest company in the Spanish railway sector. Strategic partnership with Comsa provides us with access to the latest technology and know-how on renewable energy, and ensures financial stability 2
Structure of the Trakcja Polska Group TRAKCJA POLSKA S.A. electrification power engineering production of substation equipment and components 9.79% (**) 99.2% (*) Przedsiębiorstwo Robót Kolejowych i Inżynieryjnych S.A. electrification track structure and substructure engineering structures 51.25% Przedsiębiorstwo Robót Komunikacyjnych 7 S.A. track structure and substructure construction of buildings 1.% Bahn Technik Wrocław Sp. z o.o. turnout and railway crossing repairs rail bonding and welding 48.75% PRK 7 Nieruchomości Sp. z o.o. real-estate development Leonhard Weiss GmbH construction (*) Will be increased to 1% in 2H 29 (**) Merger scheduled 1 September 29 3
Current Projects Key projects in railway infrastructure (9) Item Project Compensation for the Consortium (PLN m) Scheduled completion date The Group's role Poznań () (7) (3) (8) Wrocław Oława (2) Opole (5) Warsaw (4) (1) 1 Track and overhead contact system modernisation at the section from Biała Podlaska to Terespol (Poland's border) 334 Reconstruction of the railway station in Oława 2 (as part of the E3 railway track modernisation) 54 Modernisation of the power supply installation 3 at the E-5 railway track from Wrocław to Legnica 7 4 5 7 8 9 Modernisation of railway line Warszawa Towarowa - W-wa Gołąbki - Józefinów - W-wa Gdańska 12 Modernisations of Stations: Legionowo, Nowy Dwór Mazowiecki, Modlin 4 Reconstruction at the east side of Poznań Railway Station platforms 1, 2 and 3, platform roofs and stairways 43 Modernisation of the E-3 railway line on the section Węgliniec - Legnica - Bridge in 37,221st kilometer ofline 282 in Bolesławiec 44 November 29 May 29 December 29 December 29 July 21 November 29 October 29 Reconstruction and modernisation of the E-3/CE-3 railway line on the Opole - Wrocław - Legnica section, Środa Śląska - Malczyce route, together with the Malczyce station 17 September 21 The modernisation of railway line no. 223 Czerwonka Ełk, on the Orzysz Ełk section at km 85.3 12.739. 38 November 212 (PRKiI S.A.) (PRKiI S.A.) (Trakcja Polska S.A.) (PRK-7 S.A.) (Trakcja Polska S.A.) (PRKiI S.A.) (PRKiI S.A.) (PRKiI S.A.) (PRK-7 S.A.) Total compensation for the Consortium 1 27 At present, we are executing nine key projects for a total value in excess of PLN 1.3bn, where Group companies are hired either as general contractors or subcontractors. 4
Quarterly update: Q1 28 vs Q1 29 (PLN ') CONSOLIDATED INCOME STATEMENT Results Q1 28 Results Q1 29 value variance % variance Sales 114 78 12 9-11 874-1% Gross margin 1 587 2 849-7 738-73% as % of sales 9,2% 2,8% - -.4pp Cost of sales and overheads 3 8 22 2 342 1% Other operating activity 413 1 389 97 23% EBIT 7 14-1 94-9 14-128% % of sales,2% -1,9% - -8.1pp EBITDA 9 14 283-8 83-97% Financial activity -45 4 597 4 42 1 31% Gross profit 7 95 2 33-4 42-3% Net profit 5 7 1 828-3 872-8% 5
Quarterly update: Q1 28 vs Q1 29 Sales revenue (PLN m) EBIT (PLN m) 3 3 2 1-1 % 115 13 2 1 7-128 % Q1 28 Q1 29-1 Q1 28 Q1-2 29 Net profit (PLN m) 3 2 1-8 % Q1 28 Q1 29 2
Quarterly update: Q4 28 vs Q1 29 (PLN ') CONSOLIDATED INCOME STATEMENT Results Q4 28 Results Q1 29 value variance % variance Sales 24 553 12 9-143 47-58% Gross margin 15 581 2 849-12 732-82% as % of sales,3% 2,8% - -3.5pp Cost of sales and overheads 7 2 22-1 4-14% Other operating activity -1 91 1 389 3 35 171% EBIT 414-1 94-8 378-131% % of sales 2,% -1,9% - -4.5pp EBITDA 8 58 283-8 225-97% Financial activity 11 5 4 597-93 -% Gross profit 17 914 2 33-15 281-85% Net profit 14 212 1 828-12 384-87% 7
Quarterly update: Q4 28 vs Q1 29 Sales revenue (PLN m) EBIT (PLN m) 3 2 1 247-58 % 13 Q4 28 Q1 29 3 2 1-1 -131 % Q4 28 Q1-29 Net profit (PLN m) 3 2 14-87 % 1 Q4 28 Q1 29 2 8
Order backlog & new contracts Order backlog (PLN m) 31.3.29 PLN % EUR % For 29 875 51% 49% For 21+ 21 Contracts signed / awarded in 29: Reconstruction and modernisation of the E-3/CE-3 railway line on the Opole - Wrocław - Legnica section, 1 Środa Śląska - Malczyce route, tracks 1 and 2, together with the Malczyce station Design and performance of alternative works related to the housing of the electrical points machine at the 2 Chotyłów station instead of rebuilding the existing mechanical points machine as part of the project Modernisation of the E 2 railway line on the Siedlce Terespol section, Stage I PLN 17 4 3 Modernisation of railway line no. 223 Czerwonka Ełk, on the Orzysz Ełk section at km 85.3-12.739 38 Modernisation of the viaduct at km 18.95 on the Psary Góra Włodowska route on tracks nos. 1 and 2 as a 4 part of the task named: "Modernisation of railway line No. 4 E-5 Grodzisk Mazowiecki Zawiercie section". Construction works regarding the expansion, modernisation and renovation of the Fast Urban Railway (SKM) 5 station, the approaches to the platform, the track system and the traction network at the Sopot station (*) 11 Total 227 (*) Tenders awarded but not yet signed 9
Planned projects Main projects connected with the railway infrastructure modernization planned for 29: Announced tenders Currency Estimated value mln PLN* Expected tendering date 1 Modernization of E-5 line - Local Control Center Działdowo EUR 1 7th September 29 2 Modernization of E3 railway line on the sections Wegliniec - Zgorzelec and Węgliniec - Bielawa Dolna EUR >2 12th August 29 3 Modernization of E3 railway line on the section Wegliniec - Legnica EUR >2 12th August 29 Total 1 4 Tenders planned to be announced in 3Q and 4Q 29 Currency Estimated value Expected mln PLN* announcement date 1 Modernization of Leśnica station PLN 4 3Q 29 2 Modernization of E-59 line Poznań - Wrocław PLN 1 3Q 29 3 Modernization of E-3 Rzeszów - State border PLN 5 3Q 29 Execution of works in the area of Local Control Center Ciechanów - Konopki, Konopki station, Konopki - Mława 4 section, Mława station; under the project "Modernization of the E5/CE 5 railway line over a distance of Warsaw - Gdynia" PLN 45 4Q 29 Execution of works in the area of the Local Control Center Malbork from km 23 9 to 275 92 km under the 5 project "Modernization of the E5/CE 5 railway line over a distance of Warsaw - Gdynia" PLN 2 4Q 29 Execution of works in the area of the Local Control Center Malbork from km 275 92 to 278 894 km under the project "Modernization of the E5/CE 5 railway line over a distance of Warsaw - Gdynia" PLN 15 4Q 29 Execution of works in the area of the Local Control Center Malbork from km 278 894 to 287 7 km under the 7 project "Modernization of the E5/CE 5 railway line over a distance of Warsaw - Gdynia" PLN 15 4Q 29 8 Modernization of CE5 line Warszawa Zachodnia - Skierniewice PLN 1 2 3Q 29 Total 3 9 Total tenders 4 73 assumed PLN/EUR exchange rate of 4.133 1